The SEC issued the report — the first of its
kind — to Congress last week, according to
Bloomberg.

Under Dodd-Frank, legislators directed the SEC to collect
information from hedge funds and private equity firms.

The new reporting rules require hedge fund managers with more
than than $1.5 billion in gross assets to file quarterly with the
SEC (and for each separate fund with more than $500 million, they
have to further detail leverage and risk).

Twenty-seven percent of their $1.47 trillion in net assets could
be divested within a day, according to the SEC. Fifty-three
percent of the net assets could be liquidated in a week or less,
the large managers said, and 71 percent would take no more than a
month to sell. Fifteen percent of assets would take more than six
months to liquidate.

Of the entire $1.47 trillion pool, investors could cash out about
a quarter of their money within a month.